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NASD Seeks ADF Extension

Traders Magazine, November 2005

Gregory Bresiger

NASD's Alternative Display Facility (ADF), which quietly continues with only some 15,000 trades a day, would be given about another nine months as a pilot project under a recent filing with the Securities and Exchange Commission. If approved, the ADF would be authorized to operate until April 26, 2006. The NASD isn't asking for permanent authority to operate, which an NASD official said was not unusual.

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